Hi

 

Prior to 2024, a lot people who lived and worked in Thailand had foreign investments such as US stocks and ETFs. To legally pay no tax in Thailand they wouldn't remit any income or capital gains to Thailand from such foreign investments until the year after it was earned. However, with the new rules starting in 2024 this wont work anymore as Thai tax residents will be taxed on worldwide income regardless whether it was remitted to Thailand in the following year it was earned. 

 

As a Thai tax resident and someone who's working in Thailand, will there still be a fully legal way to continue to pay no taxes on income and capital gains from your foreign investments? For example by setting up an offshore company. If someone could explain how that would work that would be very helpful. 

 

Thank you. 

 

 

 

 

Here we go again, another round of hilarity

 

 

We don't know yet, but one of the government spokesman specifically said that this change will not have an effect on ETFs, mutual funds etc.

 

Let's wait and see.

3 minutes ago, Gaccha said:

We don't know yet, but one of the government spokesman specifically said that this change will not have an effect on ETFs, mutual funds etc.

 

Let's wait and see.

 

Amen to that.

42 minutes ago, The Cyclist said:

Here we go again, another round of hilarity

 

 

+1

10 minutes ago, Gaccha said:

We don't know yet, but one of the government spokesman specifically said that this change will not have an effect on ETFs, mutual funds etc.

 

Let's wait and see.

Does it matter WHERE the money comes from..ETFs, house rent, selling my body, sister's immoral earnings, Grandads lottery win. If it comes into Thailand, tax could be liable on it.

Unless of course, sister was a hooker in the 70s, and Grandad won on Littlewoods pools, so not the same year!

Edited November 8, 20232 yr by KannikaP

There will be ways round it , there always are with these things . Specialists in accounting and company law will figure out the best way of doing it but we will have to wait until the details are known before jumping to conclusions .